it is relative.  bitmain had a massive % of the market but the market cap was much smaller then. 

Did miners have billions of capital in btc then?  Who know how big a blackrock etf could get.  

I guess time will tell.

Hypnagog

well i guess we will see.  you are explaining a version of the fork wars that failed before

-biggest miners choose new fork 
-sell all old stash
-pump up new fork metrics
-spam attack old fork
-ultimately are forced to abandon new fork since market chooses freedom 

***remember the market is global ***

byzantine

bitcoin

Blackrock's gameplan

"Humanity rejected a freedom fork" 

Remember that blackrock benefits from mainstream media, institutional investors, all the imfluemce they have by the stock they own, billions in capital....

Humanity may not have much of a voice here..